In regards to a progressive/punitive consumption tax -- "The most successful people will still be able to afford the best stuff–the waterfront homes, the front

In regards to a progressive/punitive consumption tax -- "The most successful people will still be able to afford the best stuff–the waterfront homes, the front-row seats, the haute couture—but they’ll feel less pressure to spend and they’ll have less competition for the rarest luxury goods." Or put another way, tranfer of consumption from consumer goods to public/lobbyist-influenced goods.